With higher inventories, fewer bidding wars, and slowing home prices, home buyers have good reason to be happy this summer.

According to a recent report by the real estate brokerage Redfin, there are a number of welcoming signs for home buyers this year.Inventories are higher than they have been, there are fewer bidding wars (meaning less competition), and median sales prices are not rising as fast as they had been.These factors, combined with relatively low interest rates, are all good signs for home shoppers.